Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-01-27

r~-r- Art<tDA44At - I4IN41
BE Eron Misses nesr she snoennt-
ME Pass ~ ~ Enxziak
agmGIense.
There bslnR Q coed ds6l 81 taIk
among car eitizans IL reesrd 10 ne
Seattle, Laks ekoss and Eastern Kali.
way Company snd iss rsospssts, and
TIE PROPOSED Iense abo1t - Be- nads b.
ths Denny Iron Minnie Company 10
Pster Kirk, msmbsF 81 large iron
Misunderstanding firm 10 EneIand, which
esntampiases she establishment Of very
excessive radnetion works somewhars Is
King County, either e. she mines OF r.
the city Of Seattle. 4 Reporter of the
Psi LHTKLEaGEEcKa fneerVisued JnIQe
Jacobs. one Of The stock holders and 4
DiFsel1F q the SID DsnnF Iron Ninino
Csmpans, Yesterday. and from bin o.
tained substantially tbs following STATE
menas
: Ths Denny Ison Miuinr Company.
Is the suggestion Of Peter KIRK. hse
made 3 proposition 70 Lease - bim FOR
tie fall tern Of IS years ths iron prop
eFty Of said company, With the eroso-
ton Of TIE Denny claim on THE Denny
Iede. The terms q said proposed leaes
ara es follows. For the first ten years.
Ia cenis par ton 10 10 be paid for /
tie ore taken out Of said mlnea. FoF
the next ten years Of said term, Is cents
per ton Is 70 be paid foE al tie ore
taken sut Of the mines, and for the
remainder Of said term, 50 cents per
ton Il 30 Be paid for all the ore taken
ous Of said mines. Not less than 5000
tons per year aFe 20 Be taken 0ut and paid
f0F - the prices mentioned above. All
the iimestcu8 and marble necessary for
the reduction OF the ore taken out any
yeaF during the said term to 20 be allow
ed 20 be taken out Of said mine by said
Peter Kirk and used withoat paw. Tue
DenBy Iron Mining Company require
that al Of the products of said mine
during the said term shall Be shipped
TO and from the city Of Seattle. The
said Denny Iron Mining Co npany fur
Their require OF provide that no disoriIn-
ination shall be made against the peo-
pie Of Seattle OF Washington Territory
IN the sale OF the products Of said
mines. This Jesse d 70 tsks feet With.
Ia six months after TIE completion Of
Eailread within q conyenient distanoe
OF said mine. and its operation IN no
oass is 20 Be delayed for longer period
than 25< years."
The rep prter vas informed By Judge
jacobs that Peter Kirk has accepted IN
writing the general prop 1sftl5ns made
BY the Denny Iron Mining Company,
which propositions are 10 be made the
basis OF the proposed lease.
A visit 70 thu Office Of the secretary Of
the Denny Iron Mining Company de.
veioped the fact that the ofiioial record
Of the compsng shows that the Board Of
Directors had been even more careful
Of 1eattle's interests than was indicated
by Judge Jacobs. The two following
sections OF the agreement, which IL 10
be made the basis Of Ieass, we're copied
from the records OF hecempany:
THAT Seattle, Ia said King County,
W. T., shall b tbs shipping port for I'll
products Of said mines, the same 70 be
shipped 10 and from that point; that
lhs lessses shall agree that In selling the
produris Of said mines they will not
against The iron industries
Of Seattle, bat will sell as cheaply 10
HE citizens Of Seattle as in any other
market OF ae 10 any other persons or